Regarding B of A's loan modification plan referred to in your 9/4/09 blog: Do you have to be delinquent on your mortgage payments to qualify?

Bones
Bones
Other/Just Looking
New Orleans, LA

Mon Oct 26 2009, 16:44 - Financing in New Orleans - 1 answer
Helpful
 (0)  
Email Alerts
Send to a friend
Save
Report  
Answers (1)
Joe Harris
Joe Harris
Mortgage Broker
or Lender
Melbourne, FL
FIRST ANSWER

I believe that the Making Home Affordable program allows you to mod your loan without being delinquent. However, there are thousands of low level employees answering the phones at the loan servicers that have not gotten the message. I have heard from many sources that BOA is difficult; BOA does have the largest volume of loans serviced, so I am sure there are stories good and bad.

Here is a link to the gov't site
http://makinghomeaffordable.gov

Web Reference: http://makinghomeaffordable.gov
Mon Oct 26 2009, 17:05
Helpful
 (0)
Link to this answer
  Report

Didn’t find what you were looking for? Ask a question!

More Q&A about Financing in New Orleans

View all »
Stacey504, Home Buyer in New Orleans, LA
Can anyone help an investor?
Answered Thu Aug 20 2009, 21:27 by Stacey504 in New Orleans
Read all 10 answers
Ange, Home Seller in New Orleans, LA
Income Property
Answered Thu Aug 6 2009, 16:45 by Ange in New Orleans
Read all 3 answers
Ian Cockburn,…, Real Estate Pro in 70119
I paid for an inspection, appraisal and a deposit on the property I was trying to buy. All the fees together
Answered Tue Aug 4 2009, 13:06 by Ian Cockburn, SRS in New Orleans
Read all 3 answers
Bill Eckler-…, Real Estate Pro in Venice, FL
So I had the issue with my underwriter about not working a 40 hr. work week as law school/ph.d student which
Answered Tue Jul 21 2009, 11:05 by Bill Eckler-Florida… in New Orleans
Read the answer
Pamela Seley, Real Estate Pro in Temecula, CA
I was told I needed to work or at least be guranteed 40 hours a week before the underwriter would approve my
Answered Sun Jul 19 2009, 00:26 by Pamela Seley in New Orleans
Read all 7 answers
View all Financing questions and answers in New Orleans »
Search Advice
e.g., "foreclosure", "short sale", "mortgage"
e.g., "San Francisco, CA", "New York, NY"
SEARCH

Ask a question

Got a real estate question? Get answers from locals, experts and real estate pros.
Ask
Email me when…

Learn more

View all » 1 - 3 of 62
Map these properties
Copyright © 2009 Trulia, Inc. All rights reserved.   |   Fair Housing and Equal Opportunity
Help us improve our service—send us feedback